Soybean futures settled higher on Thursday. Soybean futures ended the session higher although well off of midday highs. Today’s price support was tied to production concerns in Argentina and export demand optimism. As concern circulates pertaining to the forthcoming South American soy crop, demand for U.S. soybeans is expected to increase. Favorable economic data out of China was also supportive for prices. November soybean futures settled 11 ½ cents higher.